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Good News/Bad News on 2024 COLA
A Social Security dollar simply isn’t what it used to be is the theme of this Sean Williams piece. The announcement of the 2024 cost of living adjustment (COLA) is still over two months away, but it is shaping up to be closer to a 3% increase, higher than projected just a month or two ago. Good news indeed. Williams explains the nuts and bolts of COLA calculation here. But he notes the bad news is an anticipated uptick in Medicare insurance premiums. That will take a bite out of any Social Security COLA. Full piece here.
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